Gap’s Old Navy brand to exit China in early 2020
Gap Inc said on Thursday it would not sell its Old Navy apparels in China from early 2020 and instead would focus on its North America market to boost sales.
Microsoft granted license to export ‘mass-market’ software to Huawei
Microsoft Corp said on Thursday it had been granted a license from the U.S. government to export software to Huawei Technologies Co Ltd.
Judge rejects U.S. move to disqualify states’ lawyer in T-Mobile/Sprint lawsuit
A federal judge on Thursday rejected a U.S. government effort to disqualify a lawyer arguing for 15 states and the District of Columbia in their effort to block T-Mobile US Inc’s planned $26.5 billion takeover of Sprint Corp .
JPMorgan lowers account minimum, expands free trades for You Invest
JPMorgan Chase & Co said Thursday it is giving free online trades to more customers and lowering the amount of money needed to open one of its robo-adviser accounts, as firms across the industry bow to pressure to reduce fees and account minimums.
House Democrats see progress on U.S.-Mexico-Canada trade deal, passage possible this year
U.S. House Democrats said on Thursday they ironed out some differences with the White House over a trade agreement with Canada and Mexico, and Congress could still vote on the deal – one of President Donald Trump’s top priorities – this year.
Judge rejects move to disqualify lawyer in state AGs’ challenge to T-Mobile/Sprint deal
A federal judge on Thursday rejected a U.S. government effort to disqualify a lawyer representing 15 states and the District of Columbia in their effort to block T-Mobile US’ deal to buy Sprint Corp.
Gap’s quarterly profit beats; says plan to split Old Navy in place
Apparel retailer Gap Inc nudged past tempered quarterly profit expectations and reiterated its plan to separate Old Navy from the namesake brand.
Wall Street dips as investors await U.S.-China trade progress
U.S. stock indexes moved slightly lower on Thursday as investors moved to the sidelines with mixed messages and no concrete signs of progress on U.S.-China relations.
Nordstrom quarterly profit beats estimates; share jump 10%
Nordstrom Inc reported quarterly profit above Wall Street expectations on Thursday, as it sold more apparels at its off-price stores and kept inventories in check, sending the retailer’s shares up about 10% after the bell.
Stocks slip, dollar rebounds on trade hopes stir sentiment
The dollar rebounded and global equity markets edged lower on Thursday as efforts by China to smooth the path forward in U.S.-Sino trade talks helped sooth investor sentiment, though fears remained that a phase one deal might not occur until next year….
